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Canadian Iron Ore Exports

Iron Ore

Canada exported 2.7 Mt of iron ore in February (excl. cargoes to the US) up from January's three-year low of 1.9 Mt but still down 5% year-on-year, according to the Tex Report. There was a sharp fall in shipments to China (-83% to 0.1 Mt) but exports to Japan (+11% to 0.4 Mt) and Europe (+35% to 1.7 Mt) increased, while cargoes to South Korea trebled to 0.4 Mt.